Dubai could expect more and more US companies to set up shops in the emirate, following the encouraging responses at the roadshows – ‘Made for Trade Live’ events – held by the Dubai Multi Commodities Centre (DMCC) in New York and Miami.
The roadshows were organised as part of DMCC’s efforts to attract more companies from the US to the UAE.
DMCC is home to more than a third of the approximately 1,500 US businesses in the UAE, with the bilateral trade corridor reaching $23 billion in 2021.
The two live events were hosted in partnership with AmCham Dubai, Brooklyn Chamber of Commerce and Versailles Ventures.
The events saw participation of 120 business leaders from Miami and New York briefed on the commercial appeal of Dubai and the ease of doing business with DMCC, the fastest growing and most interconnected free zone globally.
With Dubai firmly positioned as a global hub for financial services, crypto and commodities trade, DMCC executives also highlighted the opportunities in Dubai for US businesses in these key areas.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said the trade roadshows allowed DMCC to highlight the Dubai and wider UAE opportunity to US businesses.
“We were thrilled to be on the ground in the US maintaining and forging new relationships that will unlock a host of exciting new commercial opportunities and, ultimately, strengthen global trade,” he said.
Cara Nazari, Managing Director, AmCham Dubai, DMCC’s work in highlighting investment opportunities to key markets in New York and Miami aligned with the chamber’s mission, which is why they were proud to support their outreach through these important roadshows.
Randy Peers, President and CEO, Brooklyn Chamber of Commerce, it was clear that through DMCC and Dubai, any American business has the ability to target some of the world’s fastest-growing markets.
Following the success of the two events in the US, DMCC’s executive management team will be continuing the tour and travelling to South America to engage with the business communities in Brazil over the coming weeks.
DMCC has played a significant role in enhancing the UAE-US trade and business relations and is currently home to over 634 leading American businesses, which use the free zone as a hub for doing business with countries around the world.
DMCC’s ‘Made for Trade Live’ series plays a key role in promoting Dubai as a prime destination for foreign direct investment (FDI).
DMCC attracted a record-breaking 2,485 new companies to the free zone in 2021 and 1,469 new companies in the first half of 2022, bringing the total number to over 21,000 member businesses, from large multinationals through to SMEs and entrepreneurs.
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